( MENAFN - Asia Times) According to the latest Bloomberg Billionaires index , Pony Ma, co-founder of Tencent Holdings, is once again China's richest person, now with a net worth of more than A$65 ... ( read original story ...)
Central Bank Outlooks Lift Asian Stock Markets
Asian stock exchanges largely gained ground Friday, after the Bank of Japan abstained from a rate hike, and following overnight gains in peer stocks in US and European markets. Hong Kong and Tokyo ... ( read original story ...)
Is life getting better for China’s tech billionaires?
Having navigated a government crackdown on billionaires, tech tycoon Pony Ma is once again the richest person in China. Could spring be coming for the country’s private sector? ( read original story ...)
People’s Bank of China unexpectedly holds LPR rates steady in September
The People’s Bank of China kept its one- and five-year loan prime rates unchanged at 3.35% and 3.85%, respectively, on Friday, as expected, to help the economy recover. Both rates remain at record ... ( read original story ...)
Back-to-back storms batter Shanghai
Back-to-back storms have slammed into eastern China, drenching the financial hub of Shanghai especially hard. Typhoon Bebinca, ... ( read original story ...)
Shanghai evacuates hundreds of thousands as Typhoon Pulasan triggers heavy rainfall
SHANGHAI, Sept. 20 (Xinhua) -- China's financial hub, Shanghai, had evacuated 112,000 people as of Friday morning due to Typhoon Pulasan, which brought record-breaking rainfall to parts of the city. ( read original story ...)
China court orders developer SRE to sell majority stake in Shanghai venture to repay loans
The action comes after units of SRE failed to pay 4.45 billion yuan (US$627 million) in debts, the company said in a Hong Kong filing. ( read original story ...)